Meta showed strong revenue and engagement growth driven largely by AI advancements, with significant investments in infrastructure and AI talent. However, challenges persist with losses in Reality Labs and regulatory pressures in the EU.

Company Guidance -

Q3 2025

During the second quarter of 2025, Meta provided extensive guidance on its strategic focus and financial performance. The company reported a total revenue of $47.5 billion, marking a 22% increase year-over-year, with an operating income of $20.4 billion and a net income of $18.3 billion. Key areas of investment include AI development, as Meta established Meta Superintelligence Labs and is advancing towards Llama 4.1 and 4.2 models. The augmented reality space also saw growth, with increased sales of Ray-Ban Meta glasses contributing to the Reality Labs revenue of $370 million. Meta's ad systems continue to leverage AI, with improvements leading to a 5% increase in ad conversions on Instagram and 3% on Facebook. Engagement metrics showed a 5% increase in time spent on Facebook and a 6% increase on Instagram. Looking ahead, Meta anticipates Q3 2025 revenue to range between $47.5 billion and $50.5 billion, with total expenses for 2025 expected between $114 billion and $118 billion, driven by investments in infrastructure and talent.

Strong Revenue Growth

Q2 total revenue was $47.5 billion, up 22% on both a reported and constant currency basis.

AI-Powered Ad Improvements

AI-powered recommendations led to a 5% increase in ad conversions on Instagram and 3% on Facebook.

Increased Engagement

Advancements in recommendation systems resulted in a 5% increase in time spent on Facebook and 6% on Instagram.

Family of Apps Revenue Surge

Q2 Family of Apps revenue was $47.1 billion, up 22% year-over-year.

Strong Operating Income

Second quarter operating income was $20.4 billion, representing a 43% operating margin.

Growing Meta AI Engagement

Meta AI now has more than 1 billion monthly active users.

Expansion of AI Devices

Strong momentum with Ray-Ban Meta glasses and new Oakley Meta HSTN launch.

Meta Platforms (META) Earnings, Revenues Date & History

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META Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	6.64 / -	6.03	―	―	―
Jul 30, 2025	2025 (Q2)	5.88 / 7.14	5.16	38.37% (+1.98)
Apr 30, 2025	2025 (Q1)	5.24 / 6.43	4.71	36.52% (+1.72)
Jan 29, 2025	2024 (Q4)	6.76 / 8.02	5.33	50.47% (+2.69)
Oct 30, 2024	2024 (Q3)	5.22 / 6.03	4.39	37.36% (+1.64)
Jul 31, 2024	2024 (Q2)	4.72 / 5.16	2.98	73.15% (+2.18)
Apr 24, 2024	2024 (Q1)	4.32 / 4.71	2.2	114.09% (+2.51)
Feb 01, 2024	2023 (Q4)	4.82 / 5.33	1.76	202.84% (+3.57)
Oct 25, 2023	2023 (Q3)	3.64 / 4.39	1.64	167.68% (+2.75)
Jul 26, 2023	2023 (Q2)	2.91 / 2.98	2.46	21.14% (+0.52)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

META Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$695.21	$773.44	+11.25%
Apr 30, 2025	$548.58	$571.77	+4.23%
Jan 29, 2025	$675.37	$685.86	+1.55%
Oct 30, 2024	$590.34	$566.18	-4.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.